Asia's morning gold price dropped, possibly due to profit-taking.

Gold fell in early Asian trading, possibly due to profit-taking. Spot gold dropped by 0.4% to $3,353.14 per ounce. Rania Gule of XS.com stated that the decline in the precious metal was just a corrective move related to profit-taking, rather than a structural shift in the broader trend of gold. The senior market analyst added, "Fundamental factors supporting this precious metal, whether it's from U.S. monetary policy or ongoing global geopolitical risks, remain intact."